Claims: The Strait of Hormuz is reopening, but global shipping won’t return to normal for months
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- title: The Strait of Hormuz is reopening, but global shipping won’t return to normal for months Source
- url: https://theconversation.com/the-strait-of-hormuz-is-reopening-but-global-shipping-wont-return-to-normal-for-months-285313 Source
- summary: Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative deal , dropping from highs that had pushed gasoline prices toward record levels in North America. The global supply chain, however, will take the better part of a year to recover, and the relief at the pumps may prove more gradual than the relief in oil markets. The str… Source
- published: 2026-06-18T17:21:26Z Source